Taxes

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Taxes Corporate, personal, and sales tax information, forms, electronic, and online refund status. - Learn About Taxes - The basics about TAXES.

What is a Tax?
A tax or "duty" is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (e.g., tribes, secessionist movements or revolutionary movements). Taxes could also be imposed by a subnational entity.

Taxes may be part of a direct tax or indirect tax, and may be paid in money or as labor. In modern, capitalist taxation systems, taxes are levied in money, but in-kind and taxation are characteristic of traditional or pre-capitalist states and their functional equivalents.

The means of taxation, and the uses to which the funds raised through taxation should be put, are a matter of hot dispute in politics and economics, so discussions of taxation are frequently tendentious.

Public finance is the field of political science / economics that deals with taxation.

When planning for taxes, we usually think of the Federal filing deadline of April 15, however, you are required to pay taxes throughout the year. Paying the right amounts throughout the year will save you from having to pay penalty charges for underpayments.

Throughout the year, there are important tips to follow in order to prepare for your taxes. First of all, get organized. Experts recommend the use of personal finance software to enter and maintain accurate records. Keep records of expenses such as automobile mileage incurred for business purposes and get receipts for charitable contributions. It is also very important that you maintain accurate records of the purchasing and selling of stock as well as stock options.

For most people, the payments we make throughout the year are made on our behalf through our employers. Employers automatically withhold taxes from our gross earnings before giving us our net earnings, the little numbers on our paychecks (or big numbers for you lucky ones). Your employer is also responsible for reporting your total income and taxes paid by submitting form W-2 to the IRS. You must then file your taxes-which tells you the total amount of taxes owed and the total amount of taxes already paid-and either pay the difference (if your automatic deductions were too small) or collect the difference (if your automatic deductions were too big).

You may have heard before that you should contribute the maximum to your 401(k) retirement plan ( 401(k)). Doing so will let you defer the taxes you pay on your contributions and will allow your contributions to increase through compound interest. Adjust your withholdings if your marital status changes or if you are in a different tax bracket than the previous year. If sufficient taxes are not withheld from your paychecks, or if you are self-employed, make estimated tax payments to the appropriate tax authority to avoid year-end penalties.

Make contributions to your IRA as early as possible in the year due to the benefits of compound interest ( IRAs). Also, consider tax-efficient investments such as tax-free municipal bonds or tax-efficient mutual funds ( Municipal Bonds, Mutual Funds).

Information to help you minimize the total amount of taxes that you pay.

US Taxes Information - Benefits And Pensions. Estate, Gift, And Inheritance Taxes.

Tax Compliance. Corporate Taxation. Exempt Organizations. Employment Tax-Related Penalties.

Real Estate Taxation. Income Tax. Deferral Of Taxes. Bankruptcy And Insolvency.

Legislation And Lawmaking. Passive Foreign Investment Companies (PFICs). International Taxation.

Sales And Use Taxation. Practice And Procedure. Tax Havens. Tax Policy. Tax Incentives. Tax Accounting. Tax Technology. Tax Treaties.

IRS Web Site - Internal Revenue Service - US

IRS Businesses - Tax Information For Businesses. Provides tax information and forms for US businesses.

IRS Students - Tax Information For Students - These questions will help you determine if you need to file a Federal Income Tax return or if you need to stop your withholding so you will not have to file.

New York Tax Department of Taxation and Finance - Corporate, personal, and sales tax information, including downloadable forms, electronic filing information, and online refund status.

Utah Tax Utah State Tax Commission; information about Utah taxes; Utah tax forms and publications.

California Taxes - California Tax Service Center - Simplified income, payroll, sales and use, and other tax information for you and your business.

Minnesota Taxes US Minnesota Department of Revenue - Information and tax forms. Online filing and payment options for individuals and businesses. Income tax information also in Spanish.

Michigan Taxes - Taxes Department of Treasury provides state income and business tax forms and information.

Ohio Tax Department of Taxation - File your income tax return and other electronic filing services. If you're due a refund, get it fast.

Idaho Tax State Tax Commission - If you have any questions on taxes or procedures, please contact Taxpayer Services. If you are having problems with one of our electronic filing or payment

North Dakota Tax - Office of State Tax Commissioner (ND)

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Tax - Economic Definition and History.

CRA ARC Canada Revenue Agency - Canada Child Tax Benefit. Working Income and Tax Benefit payments.

Taxes Yahoo Tools, Articles, Calculators, Tools, Advice - Taxes on Yahoo! Personal Taxes - Articles, Calculators, Tools for Personal Finance. Government Taxes Directory

Market Watch Online Tax Advice - Tax Preparation Help - Income Tax Tips Income Tax Tips - MarketWatch offers online tax advice and tips. Look no further then our site for income tax preparation tips.

Taxes and Money CNN - Tax News for Home and Business from CNNMoney. The latest in tax law updates, news, forms & advice. Includes a refund savings calculator, and interactive tax lessons.

Direct UK Money, tax and benefits - Information on new penalties for errors on returns . Apply to receive tax-free interest on your savings

India Taxes - National Portal of India Citizens Income Tax, Filing Returns, Wealth Tax! Provides you with useful facts

About Tax Planning

UK Gov Taxation Directory - Catalogue of U.K. taxation resources on the Internet, incorporating the email directory of U.K. tax professionals and other information on U.K. tax matters.

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Tax Notes Tax News and Articles. Tax Analysts is a tax publisher and does not provide tax advice or preparation services. - Phone: 800-955-2444 - Hours: Monday to Friday 8:30 AM - 5:30 PM EST - Address : 400 S. Maple Avenue, Suite 400, Falls Church, VA 22046

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Brief history of taxation: - Taxation has been used to raise capital to Political authorities throughout history. Taxation in labour was the basis of the Feudal system in medieval Europe. King Solomon of the Old Testament pointed to the need for taxes to be applied for civil purposes (1 Kings 4:7; 9:15; 12:4), and these amounts were increased during times of foreign occupation. In some pre-monetary societies, taxes were owed in labor (Incan empire - Mita).

The Roman Empire, developed the tax farming as the central powers could not practically enforce their tax policy across a wide realm. The tax farmers were obligated to raise large sums for the government, but were allowed to keep whatever else they raised. Christians support the payment of taxes, through Jesus's words "Render unto Caesar the things that are Caesar's". There ase a "telos" duty on merchandise or travelers (Matthew 17:25), an annual "phoros" on property tax (Luke 20:22;23:2), a "kensos" or poll tax (Matthew 22:17, Mark 12:14), or the tribute money of a temple-tax (Matthew 17:24-27).

Many taxes were originally introduced to fund wars and are still in place today For example the American government introduced war taxes during the American Civil War (1861-1865) The telephone tax was instigated at the start of World War I (War Tax Revenue Act of 1914). Income tax was first introduced into Britain in 1798 to pay for weapons and equipment in preparation for the Napoleonic wars and into Canada in 1917 as a "temporary" tax under the Income War Tax Act to cover government expenses resulting from World War I.

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